BlackRock assets soar to $8.68-trillion
World’s largest fund manager boosted by a surge in exchange traded funds that helped it top forecasts
14 January 2021 - 17:28
Bengaluru — Leading global fund manager BlackRock’s quarterly results topped analysts' expectations on Thursday, buoyed by a rising stock market that boosted the firm's assets under management to a record high $8.68-trillion, further widening its lead against peers.
The firm drew $127bn of total net inflows in the fourth quarter as investors poured money into its various business, including its exchange traded funds, as well as active funds that aim to beat the market...
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